Regulator raps auditor for not flagging IL&FS arm's financial health

The audit firm, which is part of the EY India network, did not issue proper red flags in critical areas like going concern, evaluation of ITNL's investments and loans among other things, the National Financial Reporting Authority (NFRA) said in a 343-page report.

from Markets-Economic Times https://ift.tt/3lQAjli